Michigan Laws 550.1108 – Definitions; R, S
Current as of: 2023 | Check for updates
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(1) “Reimbursement arrangement” means policies, practices, and methods by which a health care corporation makes payments to a provider to implement the provider class plan.
(2) “Small subscriber group” means a group of less than 150 subscribers.
Terms Used In Michigan Laws 550.1108
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(3) “Subscriber” means an individual who contracts for health care benefits, either individually or through a group, with a health care corporation. Subscriber includes an individual whose contract contains an administrative services only or cost-plus arrangement authorized under section 207(1)(g).